Trading and Demat Account Opening Process – FYERS

Fyers account opening process

To start trading in the Indian stock markets, a trading and demat account is mandatory; you cannot trade without a Trading and demat account. Therefore, you are required to submit a set of documents along with the account opening application form to get your trading and demat account opened with Fyers.

The documents required to open an account are as mentioned below:

documents required to open a trading and demat account with fyers

Breakdown of each required document:

1. PAN Card – A self-attested photocopy of your PAN Card has to be submitted with the trading and demat account opening application form. Self-attestation (Your signatures) are mandatory to be marked as a valid document.

2. Address Proof – You are required to submit any one of these following documents as an address proof. Please note, that the below list is a requirement as stated by the regulator SEBI, NSE and the KYC registration agencies.
• Passport
• Driving License
• Telephone bills
• Electricity bills
• Bank Statement

Take a note that you need to mention about your correspondence and permanent addresses in the account opening procedure. In case the correspondence and permanent addresses are the same then only one proof can be submitted. However for the different correspondence and permanent addresses you need to provide a proof for each of address separately.

The PAN card and address proof are not required if the applicant’s KYC is already registered. We would appreciate your efforts if you get the documents attested by a gazetted officer. This is because according to the SEBI norms the authentication of the proofs submitted has to be done.

3. Income Proof – If you wish to trade in F&O or commodities segment then you are required to provide us with a proof of income. Some examples of income proof include,
• Copy of ITR Acknowledgement submitted to the Income Tax Department.
• Copy of Net Worth certificate duly signed and certified by a Chartered Account.
• Copy of Form 16 or the latest salary slips.
• Bank account statement of last 6 months.
• Demat account holding statement.

4. Photographs – You need to provide 2 passport size photographs with account opening application form. If you wish to add a nominee to your Demat and Trading accounts then you will have to provide your nominee’s photograph along with his/her proof of identity.

5. Canceled cheque leaf – To confirm your bank details we require an original canceled cheque (with your name above the sign here section) with account opening application form. This would ensure that the account holder’s bank details are authenticated and in compliance in accordance with SEBI guidelines. The canceled cheque leaf is an important document because it gives important information about the account holder:
• Name of account holder
• Bank account number
• IFSC code

Canceled cheque leaf to open a trading and demat account with fyers

5 Simple Steps to Open a trading and demat account with Fyers

trading and demat account opening procedure fyers

Account opening related documents: If you want to print the account opening forms yourself and fill it manually, you can find it in the downloads section.

Account opening charges:

Trading Account – Opening a trading account with Fyers is free! We do not charge any account opening fee to clients. We also do not charge any fees for call & trade unlike other stock brokers in India.

Demat Account – For demat accounts, If you are already our client with a trading A/c and want to open a Demat account with us, you can download the Demat A/c opening form here. For further instructions, please read this article.

Disclaimer: Fyers account opening process can change without prior notice due to necessary regulatory requirements or efficient alternatives as applicable from time to time.

Latest Update in October 2019:  We have introduced FYERS Demat Account in 2019. For more information, read this blog post.

We have answered many queries in our FAQs. Do get in touch with us if you need any further clarifications. The comments section is a good place to start. If you want us to get in touch with you, please leave your details here.

Tejas Khoday

Tejas Khoday

Tejas is the Co-Founder & CEO at FYERS, the youngest team to get NSE’s broker license. He has a specialization in finance and has over 10 years of work experience spanning across proprietary trading, risk management, and broking. Tejas & his team started FYERS, a technology-focused brokerage as a mission to transform the trading/investment landscape in India.

Comments & Discussions in

FYERS Community Learn More...


  • Avatar hiitesh kumar gupta says:

    I’ve trying to open an account in Fyers from last 10 days. Looks there is a problem in E-sign. as when I m trying to enter my Aadhar no. the download file option is not working. plz rectify

  • Avatar Nagaraju says:

    I’ve trying to open an account in Fyers from last month. Looks there is a problem in E-sign in the NSDL when I enter Aadhar, it always tells that Aadhaar or e-sign service down at UIDA. My mob. Number is registered to the Aadhar I use to get otp for other verification from Aadhar, Can someone guide me on how to go further.

    • Tejas Khoday Tejas Khoday says:

      Hi Nagaraju, Our exec will call you in a few moments and help you with the account opening.

      • Avatar Vin says:

        Hi Tejas,

        Before I come to the actual point, I must appreciate the fact that your charting platform (tradingview) is one of the best solution for Indian Traders.

        However, your executive seems least bothered about customer service and would often LIE to get an account opened. I am not sure if that’s the case with one of your employees (Venkatesh) or the whole company, probably they have been trained to do whatever it takes to open new accounts. I am sure there are genuine traders out there who would love to give your platform a try but NOT AT THE COST OF BEING UNTRUTHFUL.

        To find exact lies and the matter, please look into emails that I had sent from this email (the one I have entered while posting this comment).

      • Tejas Khoday Tejas Khoday says:

        Hey Vin, What happened? That’s really regretful. OF course not, we train people to be ethical at FYERS. This is strange. Do give me your registration details or ticket number if you have raised any support tickets. We will look into this seriously and get your issue resolved.

  • Avatar Ranjana says:

    After lot of follow ups, I have recently opened a new account with Fyers (FR1894) as guided by your representative but now when i am placing order they are getting rejected with reason “RMS:119101142234:Not Allowed To Trade In NSE EQ”. kindly let me know the understandable reason.

  • Avatar Farooque Ahmed Patel says:

    Hi Tejas, When are we expecting Fyers to own its depository rather taking these services from IL&FS. Do you think current market news with IL&FS has any impact on existing fyer users.

    • Tejas Khoday Tejas Khoday says:

      Hi Farooque, The good news is that we have received an in-principal approval by SEBI last week to launch our own depository services. We have started the integration process with CDSL and we will positively launch this month.

      • Avatar Prasun says:

        Hi Tejas,
        I have applied open my account with Fyers on 27/09/2019. Will the depository (Demat A/c) be with IL&FS or with Fyers. I would prefer my account to be under one umbrella itself. What should be done?

      • Tejas Khoday Tejas Khoday says:

        Hi Prasun, We are launching our own Demat accounts soon. Please wait for a week or so.

  • Avatar m narayanamurthy nidu says:

    pls contract this no 9664551020 account opening purpose

  • Avatar Ranjeeth D says:

    I want to open an account in Fyers. I have all documents with me but, my mobile no. is not linked with Aadhar. Is there any alternatives to open an account. I can even come to your office in Bangalore.

    • Tejas Khoday Tejas Khoday says:

      Hi Ranjeeth D, Awww okay. In the alternative, you will have to open an account offline by signing and submitting the physical forms and documents.

  • Avatar Vivek Kumar yadav says:

    Sir fyers me upi ya googal pay ke dwara pay in ki
    Suvidha Kar do .

  • Avatar prabhu says:

    how to open equity cash

    • Tejas Khoday Tejas Khoday says:

      Hey Prabhu, If you want to trade in equities, you can open a demat account with our demat partner, IL&FS (ISSL) or you can link a third party demat account with your FYERS Trading account. Please note that if you link a third party demat account, you will only be able to trade in the intraday equity segment. For more information, you can get in touch with our sales team.

  • Avatar shishir says:

    i am unable to use e-sign feature on all browsers, i.e. chrome, explorer, firefox, edge

    • Tejas Khoday Tejas Khoday says:

      Hi Shishir, Kindly ensure that the documents are uploaded properly. If you are not able to e-sign, please get in touch with us on 080-46251111 or on the concerned sales person’s number.

  • Avatar veera pratap says:

    Gud evening sir. this is pratap from hyderabad. i had couriered my signed demat account opening forms on 4-05-2019. you received the same. but till now they had not taken any action. I had raised several support team tickets. the details are as follows.
    Ticket number: 5811216
    Ticket number: 3130558
    Ticket number: 6984636.
    i want to know the reason. if there is problem from my side intimate me regarding the problem. i will definitely rectify immediately. if not i want to know the exact reason for delaying my account opening.
    i hope you will resolve my problem. i am not expecting this type of SUPPORT from Fyers.

    • Tejas Khoday Tejas Khoday says:

      Hi Veera Pratap, Thanks for writing. The support email is primarily used for existing clients. However, we have now ensured the sales team looks into them as well. Yes, your account opening issue will definitely be resolved. You will get a call from our exec. in a few moments.

  • Avatar sonali says:

    Hi Team ,
    I have enrolled on 15 APR 2019.But till date I didnt get the link for e-sign the document on my registered mail id
    Request you plz do the needful

  • Avatar GOPAL says:

    when iam trying to login its saying user not exist
    client id is FG0419

  • Avatar Anant Shrikant Mathesul says:

    I want to open my demat account in dyer so give me help

  • Avatar Sunil kumar says:

    I have a trading account in fyers. I want to open a demat account with fyers and connect this to this my old trading account already in fyers.

  • Avatar varun says:

    Your DP partner is IL&FS securities. They have an online account opening application. Can we use that to open the demat account directly as it seems more user friendly?

    • Tejas Khoday Tejas Khoday says:

      Hi Varun, To the best of my knowledge they do not support online demat account opening. I have personally interacted with their head of technology, compliances and other heads. Opening the account offline is the only way to do it with IL&FS.

      • Avatar varun says:

        hi tejas, thanks for the quick response. pl check the link i have mentioned in my comment.

      • Tejas Khoday Tejas Khoday says:

        Varun, I have checked the link. We know how IL&FS operates as we have been working with them for a couple of years. I suggest you open an account offline to ensure a relatively smooth process.

  • Avatar Kanchan says:

    Client id FK0464
    When I am trying to login, I am getting error “User does not exist !!!”.
    Please help to resolve.

  • Avatar Dhritiman says:

    Wondering why is the account opening is still a Download + Fill + Courier thing when some (1 from chennai) are doing the entire process online via OTP validation. In this era on Online processing, must say not really impressed with your on-boarding process.

    • Tejas Khoday Tejas Khoday says:

      Hi, the technology for online account opening is not a big deal for us. It’s the licenses and our partnership with a demat provider that has sort of postponed it a bit. We will have an online process for this soon. We’re already working to procure the required licenses.

  • Avatar Prasad says:


    I want to know is it possible to open only trading account in fyers, since i dont need DMAT account right now. Reply ASAP

    • Tejas Khoday Tejas Khoday says:

      Yes, that’s possible. But please note, you will not be able to trade in intraday equity segment unless you open a demat account or link an existing one.

    • Avatar ARVIND says:


      • Tejas Khoday Tejas Khoday says:

        Hi Arvind, there are no account opening charges for Trading Account and demat account. However, our demat partner, IL&FS levies a fee of 400 + taxes as upfront AMC.

  • Avatar Radhanand Goli says:

    Hi Tejas,

    I have taken a demo today. Fyers web is really great for TA and analytics in Fyers One are great. Was really excited to open an account but i was surprised to find out that i cannot add an indicator on another indicator (for example: i cant add an EMA on an RSI indicator) which is clearly available on all other platforms and very basic to all my TA work. I initially thought i am wrong ow can such a basic tool be missing, but i have spoken to technical team and got a confirmation that it is not possible. Either resolution of that or we need the option of making custom indicators which will solve the issue.

    Can i expect a resolution anytime soon?? Will have to postpone my account opening until resolution. TY.

    • Tejas Khoday Tejas Khoday says:

      Hi Radhanand Goli, Thanks! Glad you liked our platform. Well, as you know we use TradingView as our charting front-end and they don’t provide that option of overlaying an indicator over an indicator for the API users. We’ll take up this matter with them. Thanks you for your feedback. We can’t put a deadline on this as it is not directly under our control but we’ll work on this.

  • Avatar SANDESH says:

    Hi Tejas,
    My name is Sandesh .my status is NRE. I am working in Iraq. i am troubling to open DEMAT account due to Iraq there any solution to open demat account into your firm.

  • Avatar Digant says:

    Hello Tejas, I have become a big fan of your trading platform, way before I opened a account with you guys. Your account opening process is very tedious to say. I couriered all the documents, there was absolutely no track from Fyers, if the documents have reached your office, if the account is opened. the number for account opening is never picked up on, ( I have tried different days. different times). Then I started receiving calls on daily basis when I posted FB review. I changed that review solely on the merit of the platform you are providing for trading. Again same thing, While demat opening, the form sent is very unclear ( that may be ILFS issue), the forms are not checked from your end before submitting . Since my Demat form got rejected as I signed at the wrong place. ( My mistake Accepted) It should have been intimidated by your sales team and not after the form gets rejected. My sole reason of writing such huge essay is Along with trading technology, would also request you to take online account opening/demat opening option. This will save lot of manpower and no hassles in opening the account with you.

    • Tejas Khoday Tejas Khoday says:

      Hi Digant,

      Glad you like our trading platforms. yes, I do agree that the account opening process is slightly lengthier due to our partnership with IL&FS for demat services. There are 2 layers to every account. One is the trading account which we always open at the earliest and the second is the demat account which takes much longer due to IL&FS’s internal procedures. We’re sorry for the inconvenience caused. We’ll resolve this delay and related issues once and for all once we become a Depository Participant (DP). It has become my life’s mission to get rid of this lengthy and tedious process which drains everyone’s energy.

      Be rest assured that we pay attention to our clients’ needs and that it will be done at the earliest. I really appreciate your support and concerns.

  • Avatar Faheem Mitha says:


    I’ve had a couple of confusing conversations with your support helpline. They insist that the Aadhaar card is “mandatory”, but the actual offline opening forms from your own web site do not mention this. And your post above does not mention it either. Since my experience is that people in India get things wrong all the time, including about their own rules, I’m writing to ask whether this is in fact the case. And if it is required, then don’t the forms mention that?

    Also, my understanding is that Upstok, at least, does not require the Aadhaar card for their offline form opening.

    Regards, Faheem Mitha

    • Tejas Khoday Tejas Khoday says:

      Hi Faheem, The Aadhar issue is like a pendulum. First, the government made it a compulsory KYC document and made it compulsory for all existing clients to update their Aadhar details with their financial services provider and it also put restrictions on the companies to follow these rules and be compliant by the deadlines. After allocating resources get the job done, the deadline got postponed by 3 months & 3 different times. Hence, we are forced to re-organize ourselves based on our immediate priorities. Finally, the Supreme Court ruled against the Government’s wishes and declared that the Aadhar Card should be made optional and not compulsory thereby making all our efforts futile.

      However, please note that we are not in control of the regulations in India and we prefer to be safe than sorry. Hence, we collect Aadhar card from anyone who wants to open an account with us. It’s also useful going forward to enable online account opening.

  • My Trading AC is opening within 3 working days …..good work.But your rigidness to have open one more DP account when I have already two DP accounts.You Should give option to link my existing DP account with Fyers .
    On your call I also opened DP account with ILFS ,I got mail 3 days before from ILFS about my DP account details (After 2 weeks) and still I am not able to trade in equity.How to link Trading AC with DP A/c of ILFS

    • Tejas Khoday Tejas Khoday says:

      Hi Mandeep, Initially we used to allow everyone to open only trading accounts but we have had to change policies due to regulatory changes. Starting July Expiry series, stock derivatives will be physically settled. The cash settlement system has been done away with. Hence, a demat account is mandatory. With regards to linking your existing demat account – We used to allow that too. But when the intraday equity trades end up in circuit limits and can’t be squared off, you will have to take delivery of shares by paying up the balance otherwise, we will be left with your shares. If you are stock in an upper circuit on a short trade, then due to short delivery there will be an auction in which you will have to pay the required amount + 20% penalty as per NSE auction system.

      Please check with our account opening executive to get an update on the demat account linking. If you don’t get a resolution you can write to me.

  • Avatar Rohit says:

    Dear Tejas Khoday, I have been observing FYERS for the last 1 year and I am impressed with your passion for the stock markets but I am not able to understand why you are associated with a beaucratic lousy company like IL&FS who is taking more than 25 days to open my demat account. I love fyers platforms but these people are making me pissed off. I wanted to open BSDA account but in your office i heard that they have stopped accepting BSDA account because of some of their internal policies. I already have a demat account and don’t want to open a new one. Is it possible to just link it?

  • Avatar sagar says:

    what is thematic investing ? seriously i d’nt get it

  • Avatar sagarsing gusinge says:

    i want to open an account in fyers, i filled account opening form 2 times in last month but no one is ready to reply/contact me from your side, where should i need to contact to open an account? please provide me help line no.

    • Tejas Khoday Tejas Khoday says:

      Hello Sagarsing, We have received your details on 30th January 2018 and on the same day at 3:15 PM, our person Srinivasa spoke with you and you had expressed interest to open an account with us. But then, he tried to call you on 2nd February and then onwards, you have not been available on your phone number. I don’t know how that has happened, but I will ask our teammate to call you tomorrow and help you out. Thanks for writing to me Sagar.

  • Avatar Yuri says:

    Hi Tejas,

    My parents have an existing equity brokerage account with IndiaInfoline. However they are not happy with the service rendered by them and have missed a dividend or two due to their negligence and also because they simply could not log in to their own account despite several attempts. Customer service by IIFL has been pathetic to say the least and so would like to know that if we were to go with your services by way of opening a simple equity account, would we in turn get assistance from your team in transferring the existing demat account with IIFL to Fyers? and also if you guys could help out in getting the missed dividends issued back to us. Do let us know the financials involved along with expected timelines.

    • Tejas Khoday Tejas Khoday says:

      Hello Yuri, I understand that you have had a bad experience with them and I wouldn’t want to comment on that. We can help you transfer your holdings and also open a new account with us. The way we work is that once you purchase shares, those shares will be directly credited to your demat account. So, any declared dividends will directly reach your bank account. You don’t have to worry about dividends when investing through us.

  • Avatar krishna tripathi says:

    I am Krishna Kumar tripathi now account holder in Sharekhan, I want to open account in u comp, I am living in Lucknow,u any branch in Lucknow
    7565940358,if any sales personal ,send for collect documents

    • Tejas Khoday Tejas Khoday says:

      Krishna, We don’t have any branches but our account opening process is simple and you can send us the filled up forms and documents via courier. If you want to get started, I suggest you leave your details here and our team will get in touch with you –

  • Avatar Jagvir Singh says:

    So happy

  • Avatar Barsha Gupta says:

    Account opening process started in September 2017 wherein trading account opened within a week but demat account could not due to difference in name in Adhaar and Pan. On 10th November 2017 updated Adhaar was sent with all KYC documemts. Sales person at yours confirmed that all documents are in order and Demat will be opened in soon. As on 26 December 2017, Demat account opened and after follow up several times, ur sales person conveyed that this is not in my hand & i will inform u once it will done.
    Is there any timeline for opening demat account after KYC checks. Will I share the issue on social media or wait some more time?

    • Tejas Khoday Tejas Khoday says:

      Dear Barsha, the delay is due to the following reasons:
      1. There was a name mismatch in your Aadhar & bank details (Spelling difference of Varsha & Barsha).
      2. You had signed as Barsha Gupta whereas it should’ve been Barsha Kumari.
      3. The KYC done by another agency before had done it incorrectly as “Barsha Gupta”. Due to this, we had to wait for 20 days or so.

      Currently, your demat account with IL&FS is under process. It will be opened in a few days, most probably this week itself. Hope you understand that we have to comply with the regulatory requirements before we can proceed to open an account. This is rare though and can occur if the name mismatch exists.

  • Avatar Vinod110 says:

    Can you give more referral benefit. i can refer more than 15 clients to fyers because your platform much better than Zerodha or UPstox.

  • Avatar Naman says:

    Hello Tejas !
    Whenever I post comments here, it always shows “your comment is awaiting moderation”. Only two times, my comments got posted here. Why does this happen?

    Nevertheless my trading account got opened on 10 Nov so exactly on which date, my demat account will be opened ? I want to trade in equity and I can’t wait any more. Please do something.

    Thank You and Have a nice day !

    • Tejas Khoday Tejas Khoday says:

      Hello Naveen,

      Yes, that’s because our plugin requires moderation. Anyways, we’re going to revamp our website in the near future.

      So usually, the demat takes an additional 2–3 days. We don’t guarantee it because the process is controlled by IL&FS (Our DP partner). You shall receive communication from our end at the earliest.

  • Avatar Naman says:

    Hello Tejas !
    I sent my documents to your office through courier. Your sales employee made a mistake while filling KYC form. She wrote gmail instead of ymail so I had to again send this form through courier.
    Due to this mistake, not only there has been delay in my trading account opening process but also I had to incur additional cost of sending my document.
    So, why do I have to bear loss because of your employee ? What if she made another mistake again ?
    Please reply…. THANK YOU and have a nice day !

    • Tejas Khoday Tejas Khoday says:

      Hello Naman, thanks for writing. Guess it’s a human error since 95% + people generally use gmail, so a ymail ID must’ve been recorded by mistake. Anyways, since you feel you don’t want to bear the cost of sending the document again, once your account is opened, we will reimburse the expense you have incurred due to our mistake. Kindly send us the screenshot of the expense incurred and we shall do the needful. Please write to

  • Avatar Nandini says:

    Hi Tejas,
    I have initiated Demat and NRE/NRO account opening with YES bank and with your firm. However, money transfer from US to NRE account for trading purposes always incur wire transfer charges… Is there any way we can off-set this additional expense? For example: ICICI bank with whom I have an NRE/NRO account only charge me US$3.00 or less (depending on the amount transferred) if I use their “Money2 India” mode of transfer. The wire charges (US $ 25 per transaction) levied by US banks can soon add up…
    So, even if opening an account with you is what I look forward to, just a Demat account with ICICI will save me $$ if I decide to transfer money as and when it becomes available here in the U.S.
    What’s your opinion on this? Is there a better way to cut down transaction fee?
    Thank you!

  • Avatar Lakshay says:

    What is the account opening charge for trading account and demat account?

    • Tejas Khoday Tejas Khoday says:

      Trading = Zero.
      Demat Account = Zero. (The catch is that IL&FS charges an upfront AMC of ₹400+ tax)

  • Avatar Neerav_Sadhu says:

    Sir, IL&FS maybe a big company you tied up with but they are not fit for you.. My demat account is pending but trading account was opened long back. What is the reason for this?

    • Tejas Khoday Tejas Khoday says:

      Hi Neerav, I understand that it can take a few days for the demat account to get activated as IL&FS Standard procedures take longer as they have a hierarchical operating procedure. Request you to bear with us till the demat account has been opened. We will be a depository participant soon to plug this inconvenience faced by some new clients.

  • Avatar Priyansh says:

    Hi I am a student so can I open BSDA account with IL&FS to avoid account opening charges??

    • Tejas Khoday Tejas Khoday says:

      BSDA account does not have any account opening charges or annual maintenance charges. However, DP charges levied by IL&FS is more expensive at ₹50/- instead of ₹25/-.

  • Avatar Aradhya says:

    Can I open only trading account?

  • Avatar Mahendra says:

    I have an account with Sharekhan for a long time but now want to shift to fyers.. hope you live up to your good feedback given by friends.

    • Tejas Khoday Tejas Khoday says:

      Hello Mahendra, You’re in good hands. We’re doing a lot of stuff to make traders’ experience much better. Try us out, it’ll be worth it. Yes, we will do our best to live up to it of-course.

  • Avatar Brijesh says:

    Waiting for demo id on fyer web and fyer one like upstox. so we can get idea about your interface. because without platform checking cant trade and cant open account.

    think on this its important and primary for fyers and traders…….

    • Tejas Khoday Tejas Khoday says:

      Hello Brijesh, yes we will be creating videos soon. Just been held up responding to queries offline. Thanks for your positive suggestions.

  • Avatar vinayak tardekar says:

    Tejas Sir, I didn’t get any reply about my account opening. Please give me required support.

  • Avatar vinayak tardekar says:

    I want to open account. contact me at 9689382265

    • Tejas Khoday Tejas Khoday says:

      Hi Vinayak, I assumed you had left your details in our account opening link: Just realised you haven’t after I checked it personally. Anyways, I have entered your details in our system and you shall get a call today for account opening.

  • Avatar suresh says:

    can i open only trading account

    • Tejas Khoday Tejas Khoday says:

      Hi Suresh, if you want to trade in derivatives, then you can. If you want to trade equity, then obviously you’ll need a demat account.

  • Avatar Subin says:

    Could a student with no income be a part of share market? One of your required documents is about the income.

    • Tejas Khoday Tejas Khoday says:

      Yes, anyone can be an investor in the stock markets. Income is not a restriction, it’s just a formality that needs to be fulfilled.

  • Avatar yaseen mulla says:

    How to get the form for demat account

  • Avatar vijay says:

    Dear Mr.Tejas khoday,

    I heard fyersone through my friend. Today morning 8-30 A.M, i submitted a request for account opening and demo and my second request at 10-30 A.M nobody is responding through mail or phonecall. How can i belive fyers, before opening the account this kind of response is observing, But after account opening i cant imagine.

    • Tejas Khoday Tejas Khoday says:

      Hi Vijay, when you submit a request it gets queued among others. We do get many inquiries everyday so the follow-up mechanism is structured. We make sure that our person will call you within 24 working hours after the request has been submitted. We received your request twice today. Once at 7:30 AM & another at 10:30 AM. I got feedback from my team that they have already spoken to you as I write this reply.

      • Avatar Parth Kapoor says:

        I have a 3 in 1 Hdfc securities demat account and have a shares in the account. if i open fyers account, can i transfer shares in hdfc sec acc to fyers account? or i have to keep hdfc sec account running till i sell all shares?

      • Tejas Khoday Tejas Khoday says:

        Hi Parth, you can transfer your shares from one demat account to another using delivery instruction slips (DIS). If you need more help, get in touch with our operations team post account opening (Trading + Demat ISSL).

    • Tejas Khoday Tejas Khoday says:

      We are very diligent in what we do Mr. Vijay. We start work before 9:00 AM so when you tried us, it was at 7:30 AM. We are dedicated to our service quality and have set high standards for ourselves. Hope you were satisfied with the call.

  • Avatar Sriram M S says:

    Is that mandatory to open demat account in fyers, what if i already have demat account in any bank?

    • Tejas Khoday Tejas Khoday says:

      Hi Sriram, you can link your existing demat account too but I would recommend against it because at the time selling shares, you will face an inconvenience.

  • Avatar Bhatt says:

    Why tie up with IF&FS? When can we expect your own DP?

    • Tejas Khoday Tejas Khoday says:

      That’s because IL&FS is the largest independent DP and to begin with, it made more commercial sense. Well, it will take a while.

  • Avatar Shalini says:

    Can i open the Demat for lifetime, So that i can have some reduction in my annual charges

    • Tejas Khoday Tejas Khoday says:

      Hi Shalini, all accounts are lifetime accounts unless you decide to close them. Demat accounts included. You demat account is held with IL&FS hence, we have no control over the AMC charges.

  • Avatar Ragava says:

    How much is the DP charges?

Leave a Reply

Submit & Download
[contact-form-7 404 "Not Found"]
Submit & Download
[contact-form-7 404 "Not Found"]